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Overview of Russia’s Economy over the last 5 years. Russia’s economy has been anything but stable in the last 5 years. One of the major events in Russia’s economic history for the past years was the crash of the ruble. By looking at the data we can see that in 1998 the value of the ruble was very low (1 US Dollar = 6006 Rubles) compared to the unbelievable rise in 1999 (1 US Dollar = 21 Rubles). The high rise of the ruble influenced the consumer prices which went significantly up by 66% which also influenced the GDP and the industrial production which both went down to -9%. The industrial production went down as the distribution of income was completely unequal as some citizens didn’t even get their salaries for years and went on strike. As the Industrial production went down it also brought down the GDP. In 1999 Russia’s economy went from stable to bad like a chain reaction. Surprisingly Russia’s economy in 2000 got back into good state as the Industrial Production went up by